- CopAur Minerals has received a five-year permit for its Williams Property in British Columbia
- The company intends to advance the property while also receiving cash and shares upfront from transactions
- The Williams Property includes mining claims spanning 17,000 hectares with substantial gold and copper discovery potential
- Shares of CopAur Minerals are down 1.82 per cent to C$0.27 as of 10:39 am ET
CopAur Minerals (TSXV:CPAU) has received a five-year permit for its Williams Property in British Columbia.
In a news release, the Vancouver-based company stated it is also hoping to lock down alternatives in maximizing the current and future valuation of the property, which includes creating a new company, spinning out, forming a joint venture or optioning the property.
“We are currently exploring various options to benefit both existing and new shareholders of CopAur. Our aim, subject to successfully finalizing a deal with a new company for Williams, is to offer shareholders the opportunity to invest in the initial funding of this new metals group entity,” Jeremy Yaseniuk, CEO of CopAur Minerals, said in a statement. “Historically past initial fundings of metals group companies have performed extremely well.”
Situated in the Toodoggone region of B.C., the Williams Property includes mineral claims spanning 17,000 hectares with substantial gold and copper discovery potential. It also includes two large exploration targets – the T-Bill prospect and the GIC porphyry prospect.
Notably, the T-Bill prospect includes high-grade epithermal gold mineralization hosted in quartz veins and vein breccia. The GIC prospect includes a 4-kilometre by 0.8-kilometre east-west trending copper-gold geochemical and IP/resistivity geophysical anomaly with limited historical drilling.
CopAur Minerals is focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia.
The company is advancing its holdings across both regions, including the flagship Kinsley Mountain Gold Property in Nevada and its 100-per-cent-owned Williams Property within the prolific Golden Horseshoe in Northern B.C.
Shares of CopAur Minerals are down 1.82 per cent to C$0.27 as of 10:39 am ET.
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